The Shyft Group, the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail and service markets, announced the successful completion of the previously announced merger (the “Transaction”) of an indirect, wholly owned subsidiary of Aebi Schmidt Holding AG, a global provider of mission-critical infrastructure, environmental, and agricultural solutions, with and into Shyft.
The combined company, now operating as “Aebi Schmidt Group”, is strategically positioned as a differentiated global leader in the specialty vehicles sector, with expanded reach across North America and Europe, complementary product portfolios, and enhanced operational capabilities. Shares of Aebi Schmidt Group are expected to begin trading on the NASDAQ (i) on a “when-issued” basis under the ticker symbol “AEBIV” on Tuesday, July 1, 2025 and (ii) on a “regular-way” basis under the ticker symbol “AEBI” on Wednesday July 2, 2025.
“We are proud to unite two outstanding organizations under the Aebi Schmidt Group name,” said Barend Fruithof, Group Chief Executive Officer of Aebi Schmidt Group. “This merger brings together deep engineering expertise, strong customer relationships, and a shared focus on delivering essential solutions for infrastructure and mobility. With our combined scale and talent, we are positioned to accelerate innovation, enhance our global market leadership, and generate long-term value for our stakeholders.”
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James Sharman, Chairman of the Board of Aebi Schmidt Group, added: “This marks the start of an exciting new chapter for Shyft. By having Shyft and Aebi Schmidt join forces, we are creating an organization with the scale, diversity, and operational strength to lead in the evolving specialty vehicle industry. The combined company will be uniquely equipped to deliver customer-driven solutions, build on shared values, and capture new opportunities in both established and emerging markets.”
SOURCE: PRNewswire